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FOX News
Dec 28, 2012 12:00pm PST
over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words, if we don't have a deal in the next 24 hours, the question is where do you buy a parachute. it looks like we'll be going over the cliff. the closer we get to the end, the less likely it is you're going to be able to compress an agreement into place to have enough votes to pass. >> while rebounds and democrats may not agree on a lot. we heard from republicans and democrats that time is becoming critical and they're feeling the pressure of the calendar. >> trace: as you talk to lawmakers, how worried do they
FOX News
Dec 27, 2012 12:00pm PST
final days of 2012. >> mike, thank you. on top of those fiscal cliff concerns, the treasury secretary, timothy geithner, warns we're set to hit the debt ceiling new year's eve, the max amount we're allowed to spend. the current limit is $16.4 trillion. he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of cour
FOX News
Dec 31, 2012 12:00pm PST
for the time being. we have fox coverage with wendell at the white house. but, first, mike is live on capitol hill. the senate leader is the -- actually, the minority leader, what is he telling colleagues? >>reporter: he said they are very, very close. he would like to take action to avoid having americans suffer a huge tax increase in a matter of ten hours. there are a lot of anxious senators walking around wondering if or when they will get a chance to vote on something. at 1:19 senator mcconnell sent this e-mail to the colleagues and i quote, "the tax piece is complete and done last evening at 1:45. i thought the deal was sealed but this morning the white house called demanding we also turn off the sequester, those are the automatic spending cuts, to against and domestic spending kicking in, in the new year." mcconnell has outside other ways to pay for several months of that so the new congress can work that out. he is senator mcconnell. >> i reached out to the vice president in an effort to get things done. i am happy to report the effort has been a successful effort. as the pr
Search Results 0 to 2 of about 3